Business

Nordstrom Closes San Francisco Flagship Store and Outlet Store Due to Decreased Foot Traffic and Safety Concerns

Nordstrom has announced the closure of its flagship department store located in downtown San Francisco in addition to a nearby Nordstrom Rack outlet store,...

Billionaire Carl Icahn’s Fortune Drops by Over $10 Billion Following Hindenburg Research Report

On Tuesday, billionaire Carl Icahn saw his net worth decline by 41% to $14.6 billion following the publication of a report by Hindenburg Research...

UBS aims to complete Credit Suisse takeover by mid-2022

UBS CEO Sergio Ermotti has announced that the bank aims to complete its CHF 3bn ($3.37bn) takeover of troubled Swiss rival Credit Suisse by...

CVS Health Lowers 2023 Earnings Forecast Due to Acquisitions

CVS Health has lowered its 2023 earnings forecast after making multimillion-dollar acquisitions of primary care provider Oak Street Health and home health provider Signify...

Revlon Emerges from Bankruptcy Under New Ownership and Rebranding as Revlon Group Holdings

Revlon, the iconic cosmetics manufacturer, has emerged from bankruptcy after less than a year under new ownership. The company has reduced its debt by...

Revlon Emerges from Bankruptcy Protection with Reduced Debt and New Leadership

Revlon, the 91-year-old cosmetics company, has emerged from bankruptcy protection less than a year after filing for Chapter 11, with new owners, a revamped...
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